The COVID-19 pandemic-led restrictions highlighted the importance of the internet, as conditions compelled businesses to operate remotely. Moreover, the Internet of Things (IoT) is believed to be the next big thing as it plays a vital role in building intelligent communication environments and is the solution to many problems the pandemic brought forward.
Increasing penetration of smartphones and other advanced gadgets and rising investments in cloud-based services are significant factors that should drive the internet industry’s growth. According to a Facts & Factors report, the global Internet of Things (IoT) market is expected to grow at a CAGR of 24.5% by 2028.
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